Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SophiaTX Announcement - The Blockchain for Business
by
Rozita
on 04/02/2019, 21:10:52 UTC
In order to remove ERC-20 tokens from circulation, we created a voluntary ‘Buy-back’ program for everyone which follows a 1:20 ratio where for every 20 old tokens you will receive 1 new token. Instructions have been released yesterday : https://youtu.be/w4U6Bh-7vVA

Why do you need to remove ERC-20 tokens from circulation? It's not like they are hurting anyone. In fact the rise of the price could just confuse people about their purpose.

Ass we mentioned in previous reply, they are not exactly in circulation, but they are still out there and we want them all in one place so they are not confused with the new SPHTX token. Also this is our way to say thank you to all our supporters by giving them additional tokens for free.

You are not giving people something valuable. You are only swapping old coins to new tokens with a certain rate. Even if you give 20,000 tokens for each old token, there is no difference.